Guardian Investment Management Makes New $803,000 Investment in The Goldman Sachs Group, Inc. (NYSE:GS)

Guardian Investment Management purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,403 shares of the investment management company’s stock, valued at approximately $803,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its position in The Goldman Sachs Group by 5.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 6,057 shares of the investment management company’s stock worth $2,740,000 after purchasing an additional 303 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of The Goldman Sachs Group by 4.3% during the second quarter. Pacer Advisors Inc. now owns 22,996 shares of the investment management company’s stock worth $10,402,000 after acquiring an additional 954 shares during the last quarter. Sei Investments Co. lifted its stake in shares of The Goldman Sachs Group by 11.8% in the second quarter. Sei Investments Co. now owns 137,590 shares of the investment management company’s stock worth $62,228,000 after acquiring an additional 14,566 shares during the period. Thrivent Financial for Lutherans boosted its holdings in The Goldman Sachs Group by 4.6% in the second quarter. Thrivent Financial for Lutherans now owns 14,562 shares of the investment management company’s stock valued at $6,586,000 after acquiring an additional 634 shares during the last quarter. Finally, Chesapeake Wealth Management acquired a new stake in The Goldman Sachs Group during the 2nd quarter valued at approximately $201,000. 71.21% of the stock is currently owned by institutional investors.

Insider Transactions at The Goldman Sachs Group

In other The Goldman Sachs Group news, Director David A. Viniar sold 5,000 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $612.08, for a total value of $3,060,400.00. Following the transaction, the director now owns 608,425 shares of the company’s stock, valued at approximately $372,404,774. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO David M. Solomon sold 6,550 shares of The Goldman Sachs Group stock in a transaction on Friday, November 29th. The stock was sold at an average price of $610.91, for a total value of $4,001,460.50. Following the sale, the chief executive officer now owns 117,883 shares in the company, valued at $72,015,903.53. The trade was a 5.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 20,940 shares of company stock worth $12,656,179 in the last quarter. 0.57% of the stock is currently owned by corporate insiders.

The Goldman Sachs Group Trading Up 2.3 %

NYSE:GS opened at $626.84 on Monday. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.67 and a quick ratio of 0.67. The Goldman Sachs Group, Inc. has a one year low of $372.07 and a one year high of $627.00. The company has a market cap of $196.77 billion, a PE ratio of 18.39, a PEG ratio of 0.66 and a beta of 1.38. The firm has a 50-day moving average of $587.22 and a 200-day moving average of $530.29.

The Goldman Sachs Group (NYSE:GS) last issued its quarterly earnings data on Wednesday, January 15th. The investment management company reported $11.95 EPS for the quarter, topping analysts’ consensus estimates of $8.21 by $3.74. The Goldman Sachs Group had a return on equity of 11.39% and a net margin of 9.89%. The firm had revenue of $13.87 billion during the quarter, compared to analyst estimates of $12.36 billion. During the same period in the previous year, the company posted $5.48 EPS. The company’s revenue for the quarter was up 22.5% on a year-over-year basis. As a group, equities research analysts expect that The Goldman Sachs Group, Inc. will post 37.24 EPS for the current fiscal year.

The Goldman Sachs Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, February 28th will be issued a dividend of $3.00 per share. This represents a $12.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, February 28th. The Goldman Sachs Group’s dividend payout ratio is 35.21%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Morgan Stanley upped their price objective on shares of The Goldman Sachs Group from $736.00 to $782.00 and gave the company an “overweight” rating in a research note on Thursday. Keefe, Bruyette & Woods upped their price target on shares of The Goldman Sachs Group from $686.00 to $690.00 and gave the company an “outperform” rating in a research report on Thursday. HSBC lowered The Goldman Sachs Group from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $569.00 to $608.00 in a research report on Tuesday, November 26th. Evercore ISI upped their target price on The Goldman Sachs Group from $520.00 to $575.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Oppenheimer lowered their target price on The Goldman Sachs Group from $677.00 to $639.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $589.19.

About The Goldman Sachs Group

The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.